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During last week, some commodities prices –crude oil - and forex rates –Euro/USD – resumed their rally. On the other hand, gold and silver prices remained nearly unchanged, while natural gas and Aussie dollar declined. The news of the contraction of the EU GDP for Q2 2012 by 0.2% didn't hold back the Euro/USD from rising during last week. The U.S financial reports that came out last week – Philly Fed Index, U.S housing starts – didn't show much progress. Will this unclear trend continue during the upcoming week? There are several important speeches and reports that may affect the financial markets including: Japan's trade balance, GB GDP for Q2 2012, U.S core durable goods, minutes of FOMC monetary policy, U.S new and existing home ...

Following the slow paced week in the financial markets in which commodities and U.S stock started off the week declining while metals rising on account of the weaker than expected (but not that bad) U.S labor report, thus week there will be many more items on the agenda that could stir up the markets. Among the news items on the agenda are: U.S. retails sales report, U.S housing starts, ECB President speech, MPC meeting, Philly Fed Manufacturing Index, U.S existing home sales report and U.S. jobless claims. Here is an outlook for the week of April 16th to 20th
The complete Weekly Outlook Update on Trading NRG
(All times GMT):
April 16th
13:30 –U.S. Retail Sales Report: this report will present the monthly ...

By Mike Conlon | July 15, 2010

Overnight, the Chinese reported less than expected GDP figures; however before you worry about the Chinese economy, note that growth slowed to 10.3%. That’s right, growth above 10%. By contrast, most other global economies are struggling to reach 3% growth.



In addition, in Japan the BOJ left rates unchanged at .1%, citing forecasts that growth will slow as fiscal stimulus is removed worldwide, thereby affecting global demand.

Across the pond, both the Euro and Pound are trading higher vs. the Dollar as dollar weakness due to continued positive corporate earnings led by JP Morgan are reducing demand for the greenback. In addition, better ...

China drops the yuan's peg to the dollar: DailyFX - China Weekly 06.21

Biggest % gainers: AUD/JPY up 1.29%, NZD/JPY up 1.23%, CAD/JPY, USD/JPY on JPY weakness & commodity dollar strength.

Biggest % losers: GBP/AUD down 1.46%, EUR/AUD, EUR/NZD, EUR/USD, EUR/CAD, EUR/GBP on EUR weakness and commodity dollar strength.

Gold $1,257
Oil $78.75

EUR Trichet speaks before the European Parliament today at 10?30am EST.

CHF SNB Chairman Hildebrand speaks at the Swiss American Chamber of Commerce in Zurich today at 12 noon EST.

Stocks open up higher...

Sean Hyman
DailyFX Forum Moderator